Shares in largest car maker Maruti Suzuki rose 2.9% on hopes for improved sales from its newly-launched vehicle Ertiga, which analysts said was priced low enough to make it competitive in the utility vehicle segment.
Maruti launched Ertiga at Rs 589,000, well below market expectations for a base price of Rs 700,000, with Deepak Jain, an analyst at brokerage Sharekhan predicting the auto maker could achieve sales of around 3,000 units.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
